Fitch affirms Petronet LNG

Fitch Ratings said it affirmed Petronet LNG Ltd.'s national long-term rating at AA(ind) with a stable outlook and its national short-term rating at A1+(ind).

The agency said the ratings are supported by Petronet's long-term assured-quantity liquefied natural gas purchase contracts and back-to-back natural gas sales agreements, providing stable cash flows over the contractual period and insulating the company from volatility in liquefied natural gas prices.

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